UPDATE 1-Synaptics Q4 beats Wall Street, sees strong Q1 rev

Thu Jul 29, 2010 4:39pm EDT

* Q4 adj EPS $0.70 vs est $0.63

* Q4 rev $145.8 mln vs est $141.1 mln

* Sees Q1 rev above Street view

* Shrs up 2 pct in after-market trade

July 29 (Reuters) - Touchscreen technology provider Synaptics Inc (SYNA.O) posted a better-than expected quarterly profit, helped by a jump in PC revenue, and forecast first-quarter revenue above Street, sending its shares up 2 percent in trading after the bell. For the first quarter, the company expects revenue of $148 million to $156 million, above analysts' consensus estimates of $145.1 million, according to Thomson Reuters I/B/E/S.

Fourth-quarter net income rose to $19.3 million, or 54 cents a share, compared with $12.4 million, or 34 cents a share, a year ago.

Excluding items, Synaptics earned 70 cents a share.

Revenue rose 26 percent to $145.8 million. PC revenue rose 29 percent to $84.6 million.

Analysts on average were expecting earnings of 63 cents a share, excluding items, on revenue of $141.1 million.

Shares of the Santa Clara, California-based company rose to $32.20 in trading after the bell. They closed at $31.45 Thursday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Unnikrishnan Nair)

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